A Membership Pass to the YMCA (A Private Not-For-Profit Organization)includes

question 28

Multiple Choice

A membership pass to the YMCA (a private not-for-profit organization) includes unlimited rights to all facilities and a health magazine subscription.Non-members do not possess these rights.How must the YMCA account for membership dues?

• A) The dues are a non-exchange transaction, so it should report all dues in the year received.
• B) The dues are a non-exchange transaction, so it should report dues on a pro-rata basis determined by the length of the individual memberships.
• C) The dues are an exchange transaction, so it should report all dues in the year received.
• D) The dues are an exchange transaction, so it should report dues on a pro-rata basis determined by the length of the individual memberships.

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Definitions:

T-grouping

A form of group training where participants learn about themselves, interpersonal relationships, and group dynamics through direct interaction and feedback, usually within the context of organizational development.

Open Ideation

The process of generating ideas openly in a collaborative environment, allowing for a wide range of contributions and creativity.

Team Setting

An environment where individuals work collectively towards common goals or objectives, often emphasizing collaboration and communication.

Work Independently

The ability to perform tasks and solve problems without relying on assistance from others.